Answers, 100% Verified Graded A+
1. When the odometer turns past 99,999 miles on a 5 digit odometer, a dealer
must:: a) File a Statement of facts
b) Reset the Odometer
c) Call for Help
Answer: d) =Advise the Buyer and mark
the 262 form as "exceeds the mechanical
limits"
2. Which of the following is a correct statement of the law with regard to smog
checks:: A. Smog Checks are not required on out-of-state vehicles made between 1990-1998
Answer: B.A= dealer must have a smog check for every vehicle ottered for sale to the public
C. A dealer can have the retail customer take care of the smog check
D. The dealer can charge the customer 87.25 for the smog verification
3. Your occupational license will be automatically canceled
,without a hearing if:: A. Your seller's permit is revoked
B. You have a bond reduction
C. You take your main sign down and relinquish your oflce
Answer: D.A=ll of the above
4. When is a Federal Buyer's Guide Required to be displayed?: A. When driving on a dealer
plate
B. When a car is being sold at a the dealer auction
Answer: C.=W henever the vehicle is being displayed for sale in the dealer's display area
D. On Sport Utility Vehicles
5. How much is the vehicle transfer fee, on a California registered vehicle?: A. $ 10
Answer: B.$=15
C. $45
D. $8.25
6. When is a retail dealer required to maintain a vehicle display area?:
Answer: A.=At all times while licensed
B. Only during business hours
C. During DMV Inspections
D. Only while the dealer is on the premises
, 7. How many hours does a dealer have to notify the advertiser, in writing that a
vehicle has been sold or
withdrawn?: a) 30 Days
b) 24 Hours
4Answer: =8 Hours
c) No notice required
8. When is it proper to reset an odometer?: a) If you have a good idea how many miles the car has
b) When nobody is looking
c) When you want to go to prison
Answer: d)N=ever
9. If you are an auto broker, then you must also be licensed as a...?:
Answer: a)D=ealer
b) Lessor-Retailer
c) Dismantler
d) Registration Service
10. When you are a dealer selling a car to a retail customer, when is it proper for
the dealer to allow the customers to obtain a smog certificate on their own?: a)
If the tags are current